Find below some terms and concepts usually used in private equity, venture capital and in M&A. To the extent possible, the Spanish equivalent to the English term has been included.

A - C D - K L - Q R - Z
Ratchet Rating Recapitalization / Recap
Representations & Warranties Return on Assets (ROA) Return on investment (ROI)
Reverse Flex Revolving Risk-free Rate
Road Show Rollover Round
Secondary Buy-out (SBO) Security Seed Capital
SPA SPE Special Purpose Vehicle (SPV)
Spin-off Squeeze-out Subordinated Debt
Subordination Super Majority Sweat Equity
Syndicate Syndication Tag-along
Target Tax Gross-Up Teaser
Term-sheet Thin Capitalisation Tombstone
Tranches Underwriter Underwriting Fee
Up-front Fee Vesting Vintage Year
Weighted Average Cost of Capital (WACC) Working Capital

The Spanish Private Equity & Venture Capital Journal shall not be liable for any existing inaccuracies or mistakes in the definitions in this glossary.